Ashland says the price increase of €130 per ton becomes effective immediately, depending on individual customer contracts.

According to Ashland, this price increase is primarily driven by the recent rise in the cost of styrene, and a tightened supply of glycols due to higher demand for de-icing products across Europe.

Ashland Performance Materials, a commercial unit of Ashland Inc (NYSE: ASH), Columbus, Ohio, USA, is a producer of unsaturated polyester resins and epoxy vinyl ester resins.